News
Sovereign default moves up 'known unknowns' risk list
Sovereign default has risen four places to second position for the top fifteen extreme risks while depression retains the top position and hyperinflation moves to third.
Shareholders show support for Jardine Matheson's JLT buy-in bid
Jardine Matheson’s bid to increase its stake in broker JLT by buying 10% of the company got more than 85% support from the other shareholders.
Turkey earthquake was 7.2 magnitude
Damage reports are still emerging after a magnitude 7.2 earthquake struck eastern Turkey on Sunday.
France and Japan largest purchasers of cat reinsurance
France and Japan are the largest purchasers of excess of loss per event treaties according to a new report by Aon Benfield.
MA Assist delivers 30% cost savings in UIA tie up
MA Assist has won a three year contract to provide building claims and fulfilment services for UIA Insurance.
QBE makes two new hires to launch liability product
Business insurance specialist QBE has formed a new team to launch an environmental liability product.
NIG starts aggressive recruitment drive
NIG has taken on Louise Field, pictured, to be London area underwriting manager, while Ruth Owen from Chartis joins NIG as area business development manager.
ABI helps tackle insurance application form fraud
On 27 October the Association of British Insurers will publish industry guidance to help insurers, brokers and comparison websites better identify insurance application form fraud.
Social media damage is high on risk managers’ list of concerns
Social Media and the risk it poses to reputation risk and confidential information is a matter of great concern for European businesses, according to study by the Federation of European Risk Management in conjunction with the Institute of Risk Management.
Hastings founder passes away
Hastings founder David Gundlach has died at the age of 56.
Mitsui completes regional office network roll-out
Mitsui Sumitomo has completed the roll-out of its newly created regional office network with the opening of branches in Belfast and Glasgow and three senior appointments.
Questgates provides health fraud training
Questgates is to deliver accredited counter fraud training to Health Insurance Counter Fraud Group members.
Shareholders support Jardine Matheson's JLT buy-in bid
Jardine Matheson’s bid to increase its stake in broker JLT by buying 10% of the company got more than 85% support from the other shareholders.
Reinsurers squeezed by capital excess
Delegates at a seminar organised by Guy Carpenter at Baden-Baden were told reinsurance pricing would remain low as more capital was available than customers.
Insurance Insight weekly update live - 21 October
Insurance Insight’s weekly update is live with an article on how brokers need to be up to date on the cyber risks their customers are facing; and a feature of how Lloyd’s of London has spread its each across Europe.
US Taxation poll result
Will US tax proposals put European insurers off?
Towergate appoints group HR director
Towergate Insurance has appointed Lucinda Charles-Jones as group HR director with effect from 24 October 2011.
RFIB CEO leaves to "pursue other challenges"
RFIB CEO Marshall King has left the Lloyd’s broker “to pursue other challenges”.
ALC Health launches underwriting partnership with Axa
Medical insurance provider ALC Health has announced that it will be transferring its underwriting capacity to Axa PPP International from 1 December 2012.
LV snaps up ex-Chartis boss
LV has appointed former Chartis boss Kevin Wildman as branch manager for its Exeter office.
Lord Turner calls for greater FCA powers
Financial Services Authority chairman Lord Turner yesterday urged politicians to give the Financial Conduct Authority the powers to prevent the customer from being “ripped off”.
RFIB's King eyes 'new challenge' following departure
Outgoing RFIB chief executive Marshall King has vowed to “pursue another challenge” after handing over the reins to current chief financial officer Jonathan Turnbull.
McManus departs Willis
Brendan McManus, the CEO of Willis Limited, who until recently had served as CEO of Willis United Kingdom & Ireland is to leave the broker.
Ace backs broker workshop
Ace is to sponsor a free educational workshop aimed at helping brokers fill gaps in their knowledge about directors’ and officers’ liabilities products.